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24/7 DISPATCH: (346) 208-3770

Industries / Solutions / Turnkey Programs for Banks & Commercial Lenders

Lender OREO Program

Turnkey Programs for Banks & Commercial Lenders

From foreclosure to closing, handled.

A purpose-built program for temporary OREO holds: one master agreement covers every property that lands on the balance sheet, with 72-hour onboarding, flat monthly preservation fees, and documentation formatted for the credit file.

What’s Included

What the program covers

One master agreement — every future property onboards without new paperwork

72-hour mobilization: securing, re-keying & initial inspection

Photo-documented condition reports formatted for the credit file

Flat monthly preservation fees, tiered by property type & size

Utilities, life-safety & inspection management during the hold

Make-ready support and automatic termination at closing

How It Works

From first call to steady state

STEP / 01

Notice

Your special-assets team sends the property details — that’s the whole intake.

STEP / 02

Mobilize

Within 72 hours: secured, re-keyed, inspected, and condition-documented.

STEP / 03

Preserve

Monthly inspections, utilities, and life-safety on a flat fee, reported monthly.

STEP / 04

Close

Make-ready support for disposition; the agreement ends automatically at closing.

Our Guarantee

Commitments we put in the contract

Anyone can promise responsive service. Biltmark writes its benchmarks into your agreement. The written service guarantee stands behind every Biltmark program, in every industry. 

Complete a service plan then ask us what we’ll guarantee.

2 HR / 4 HR

On-site emergency response in Biltmark crew markets — 24/7/365, with rapid network response nationwide

1 BUS. HOUR

Every routine work order acknowledged within one business hour

NO MINIMUMS

Single properties welcome, with month-to-month terms after the first year

≤ 15%

Capped, transparent markup on subcontracted specialty work — sub invoice attached

MONTHLY

Owner-ready report — spend, work-order history, and preventive maintenance status delivered every month

PHOTO-VERIFIED

Every work order documented with photos and mapped to owner-ready reporting

Good To Know

Frequently asked questions

Flat monthly preservation fees tiered by property type and size, published in the master agreement — so your team can estimate carry costs before the foreclosure is final.

Yes. Occupied and partially occupied assets are managed in coordination with your counsel and receiver, with access, notice, and documentation handled to their direction.

Put a facilities department behind your property

Schedule a free walkthrough and receive a documented, itemized proposal — no pressure, no obligation.

Rather just talk?

Call us anytime: (346) 208-3770